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Home My Public Portal About065-1994 - APPROPRIATION ORDINANCE AMENDING THE 1994 BUDGET - AORDINANCE NO. 65-1994 AN APPROPRIATION ORDINANCE AMENDING THE 1994 BUDGET WHEREAS Common Council of the City of Richmond, Indiana, adopted a budget for calendar year 1994, and WHEREAS it is necessary to authorize an additional appropriation pursuant to Indiana Code 6-1.1-18-5, and WHEREAS a public hearing was conducted September 6, 1994, as required for additional appropriations pursuant to legal notice of such hearing published August 19, 1994, in compliance with Indiana Code 5-3-1-2(b), NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, that the 1994 budget be amended as follows, to wit: A. Aviation Fund Add 1. Building and Fixed Equipment No. 603-55-550-5501-4-4210 $75,000.00 Passed and adopted this 6th day of September, 1994, by d ommon C�ccil of the City of Richmond, Indiana. 6 ATTES ,City Clerk 4Aorma Carnes) PRESENTED to the Mayor of the City of Richmond, Indiana, this 7th day of September, 1994, at 9:00 a.m. ,City Clerk (Norma Carnes) APPROVED by me, Roger Cornett, Mayor of the Ci nd, Indiana, this 7th day of September, 1994, at 9:05 a.m. ayor ( ger ornett) ATTEST CITY OF RICHMOND DEPARTMENT OF LAW 50 North 5th Street Richmond, Indiana 47374 Phone (317) 983-7220 Fax (317)966-2255 August 19,1994 Common Council Richmond, IN 47374 RE: Ordinance No. 65-1994 Dear Council Member: ROGER CORNETT Mayor THOMAS S. MILLIGAN City Attorney This ordinance appropriates cash on hand in the Aviation Fund for the purchase of Iease hold improvements made by Dana Corporation at the Municipal Airport. Dana and the Airport Commission entered into a lease August 11, 1988, for a one-half acre parcel for 20 years with a 10 year option to renew through August 11, 2018. Dana used its own funds to construct a 4800 square foot hangar and installed the necessary equipment and fixtures to support its corporate aircraft operations. It no longer has aplane in Richmond and desires to sell the hangar. This ordinance will fund a purchase agreement that has been negotiated by the Airport Commission with Dana. As you will recall from page 143 of the 1994 City Budget Book, line 14 shows that no property taxes are used to operate the airport. The entire budget is raised from hangar rents, the farm lease, the sale of aviation fuel and miscellaneous revenues as set forth on page 144. Mr. Jarvis will be available to answer any questions you may have. Due to the fact that this is an Additional Appropriation, a public hearing has been advertised as required by state statute and the ordinance must be submitted to the State Board of Tax Commissioners for final approval. This ordinance can be adopted in a single meeting on two motions to suspend rules since the advertised public hearing will take place on first reading. Sincerely yours, 77"d Thomas S. Milligan City Attorney Enclosure TSM/ags DISPOSITION OF ORDINANCE NO. IP 5 -19 �17 RESOLUTION NO. -191.qq by Common Council Ordinance No,z:;p Resolution No. Elstro Lundy Brookban Donat McBri a Parke Allen Dickmar Hutton Date 1— 0, T� Susp. rules Ist read Title only ------------- ------------ Seconded ------ -------- ---------- ------ ------ ------ - --- ---------- Proof of Publicaton ------------------------- Seconded ------ -------- ----------------- ------ ------ ------ ---------- Move to 2nd read ------------------------- Seconded ------ ---- --- -- ------ ------ ------------------------------- Engrossment ------------------------- Seconded ------ -------- ---------- ------ ------ ------ �- ------ ---------- Susp rules 3rd read C/ Seconded 1✓ Passage Rejection Date Passed � ` G � COMMITTEE ASSIGNMENTS: Committee Date Commitee Hearing Date Reassigned to Council Agenda PUBLICATION DATES: AMENDMENTS: COMMENTS: